Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Swiss crypto advocates urge central bank to add Bitcoin to national reserves

Swiss crypto advocates urge central bank to add Bitcoin to national reserves

CryptoSlateCryptoSlate2025/04/24 11:00
By:Gino Matos

A coalition of crypto advocates in Switzerland is campaigning for the Swiss National Bank (SNB) to diversify its foreign reserves by acquiring Bitcoin (BTC), citing concerns about overreliance on traditional currencies and political exposure.

Reuters reported that the campaign was launched in December as a constitutional referendum initiative and aims to legally require the SNB to hold Bitcoin alongside gold as part of its foreign asset portfolio.

Proponents argue that Switzerland should adjust its reserve strategy to reflect a global transition toward multipolarity and reduced dependence on the US dollar and euro.

Luzius Meisser, a board member of Bitcoin Suisse and a central figure in the initiative, said Bitcoin’s monetary policy offers an inflation-resistant alternative to fiat currencies. 

According to Meisser:

“Politicians eventually give in to the temptation of printing money to fund their plans, but Bitcoin is a currency that cannot be inflated through deficit spending.” 

Meisser will speak at the SNB’s annual general meeting in Bern this week to present the initiative’s rationale directly to stakeholders.

The referendum process requires 100,000 verified signatures to proceed to a national vote. It would be the first initiative globally to mandate Bitcoin holdings by a central bank through constitutional reform.

The move comes amid sovereign wealth funds accumulating Bitcoin in April, as John D’Agostino, Coinbase’s head of institutional sales, reported.

 Switzerland’s crypto adoption

Supporters of the referendum argue that allocating a modest portion of the SNB’s nearly $1 trillion Swiss franc reserve portfolio into Bitcoin, specifically 1% to 2%, would protect against monetary debasement without exposing the bank to outsized volatility. 

Meisser and others argue that SNB’s current foreign currency holdings, consisting of 75% of US dollars and euros, expose Switzerland to foreign political dynamics and devaluation risks driven by expansionary fiscal policies abroad.

They also argue such a move would align with Switzerland’s broader positioning as a hub for blockchain technology.

Switzerland hosts “Crypto Valley” in Zug, a zone dedicated to crypto industries. Moreover, the country ranked 55th out of 151 countries in the crypto index provided by Chainalysis’ latest “Geography of Crypto Report.” 

Yves Bennaim, another proponent of the initiative and a member of the Bitcoin Initiative group, countered concerns over security and liquidity. 

He described Bitcoin’s underlying technology as among the most secure and resilient digital systems ever created, supported by a $2 trillion market capitalization and daily trading volumes in the billions.

Bennaim added:

“The global Bitcoin market is the most liquid and established among digital assets. We are not saying go all in with Bitcoin, but a small allocation can hedge against monetary and geopolitical risks.”

SNB voices caution amid campaign momentum

Despite the campaign’s momentum, the Swiss National Bank has remained skeptical toward crypto. 

In March, SNB Chairman Martin Schlegel reiterated the institution’s reservations, citing Bitcoin’s high volatility, limited liquidity in crisis scenarios, and technical vulnerabilities as factors that currently preclude its inclusion in official reserves.

He stated:

“Cryptocurrencies are essentially software. And we all know that software can often have bugs and other vulnerabilities.”

Schlegel kept his reservations even after Switzerland’s Federal Chancellery approved submitting a constitutional amendment proposal in December requiring the SNB to hold part of its reserves in Bitcoin.

The post Swiss crypto advocates urge central bank to add Bitcoin to national reserves appeared first on CryptoSlate.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

New spot margin trading pair — HOLO/USDT!

Bitget Announcement2025/09/12 07:46

FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA2025/09/12 06:14
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA2025/09/12 06:14
OPEN has dropped by 189.51% within 24 hours during a significant market pullback

New spot margin trading pair — LINEA/USDT!

Bitget Announcement2025/09/11 10:04